SBI OTS

Hi buddy I heard State Bank of India (SBI) has announced a one-time settlement (OTS) scheme worth Rs 6,000 crore, is it so , plz let me know about the same ??

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company.

Yes State Bank of India (SBI) has announced a one-time settlement (OTS) scheme worth Rs 6,000 crore for tractor loans.

Bank profile:

Type Public

Traded as NSE: SBIN

BSE: 500112

LSE: SBID

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Banking, financial services

Founded 2 June 1806, Bank of Calcutta

27 January 1921, Imperial Bank of India

1 July 1955, State Bank of India

2 June 1956, nationalization

Headquarters Mumbai, Maharashtra, India

Area served Worldwide

Key people Arundhati Bhattacharya (Chairman)

Products Consumer banking, corporate banking, finance and insurance,
investment banking, mortgage loans, private banking, private equity, savings,
securities, asset management, wealth management, credit cards

Revenue 298,640.45 crore (US$47 billion) (2017)

273,461.13 crore (US$43 billion) (2016)

Operating income 50,847.90 crore (US$7.9 billion) (2017)

Profit 10,484.10 crore (US$1.6 billion) (2017)

9,950.65 crore (US$1.6 billion) (2016)

Total assets 2,705,966.30 crore (US$420 billion) (2017)

Total equity 144,274.65 crore (US$22 billion) (2016)

Owner Government of India (57.97%) Life Insurance Corporation of India (10%)

Number of employees 209,567 (2017)

207,739 (2016)

Capital ratio 13.12% (2016)

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